The interest rate at which a nation's central bank lends money to domestic banks or the rate at which domestic banks can borrow from the central bank.
The adoption by a country of the US dollar in place of its own currency, usually as a means of controlling inflation and interest-rate volatility.
Intervention in economics refers to government economic activity with the objective of influencing economic growth, controlling inflation, impacting the composition of the economy's output, and more.
The Monetary Policy Committee (MPC) is a body within central banks that is responsible for setting the interest rates and other monetary policies to achieve economic stability and growth.
Price stabilization refers to a collection of government policies designed to halt or slow down rapid changes in prices, usually during inflationary episodes or shortages.
A fundamental theory in monetarist economics that posits a relationship between the money supply (M), price levels (P), velocity of money (V), and national income (Q) summarized by the equation MV = PQ.
A soft landing refers to a situation in which an economy slows down but manages to avoid falling into a recession. This term was borrowed from astronautics in the late 1950s and originally described a safe moon landing.
Wage Stabilization refers to the act of maintaining wages at a certain level, preventing fluctuations, typically implemented as policy measures to curb inflationary pressure. These policies aim to control rapid changes in wage levels to maintain economic stability.
